UBS: Oil could jump back to $100 - here's why that would signal a recession

Oil prices could rise to $100 driven higher by a "combination of global demand strength, OPEC restraint, and geopolitical and sanctions related uncertainty," analysts at UBS say.
The economic consequences of such a move would be huge, and could even signal a recession in the USA.
Spikes in oil prices have preceded five of the last six recessions in the USA.
Four years ago, oil at three-figures was the norm. But in 2014 the market experienced one of its sharpest plunges in a generation, and since then prices have remained stuck below $60.
2018 has marked a big change in sentiment however...Read more ...

UBS: Oil could jump back to $100 - here's why that would signal a recession

Oil prices could rise to $100 driven higher by a "combination of global demand strength, OPEC restraint, and geopolitical and sanctions related uncertainty," analysts at UBS say.
The economic consequences of such a move would be huge, and could even signal a recession in the USA.
Spikes in oil prices have preceded five of the last six recessions in the USA.
Four years ago, oil at three-figures was the norm. But in 2014 the market experienced one of its sharpest plunges in a generation, and since then prices have remained stuck below $60.
2018 has marked a big change in sentiment however...Read more ...